AVZ Discussion 2022

[CashKing]

In my opinion, Accountants are there for an opinion on HOW to navigate the statutory frameworks and NOT for investment advice.

To be honest - it is none of their business what you do with your investment choices. If it's in an SMSF, the Auditor 'may' make a comment (but rarely have) about the potential risk - but FFS until last week it was an ASX200 company!!

Any reason to stay with your current guy?

TC.

Might as well drop a business card pic also mate .. An accountant with a bung eye could be useful AIMO

GLTAH

 

[Samus]

Might as well drop a business card pic also mate .. An accountant with a bung eye could be useful AIMO

GLTAH

Sounds like he's even willing to do some creative accounting and has a sense of humor albeit mostly dad jokes.
Chalk and cheese with Mr Tubby.
Where do I sign up?

 

[CashKing]

Sounds like he's even willing to do some creative accounting and has a sense of humor albeit mostly dad jokes.
Chalk and cheese with Mr Tubby.
Where do I sign up?

Surely cheese and drinks are tax deductible now days…. Especially if you own AVZ shares booze should be definitely a tax write off

Fucking tax man will owe me a fortune putting up with this since 2017….

Anytime for that business card TC

GLTAH & ACCOUNTANTS

 

[Thunderpony]

Just like the ages of the girls- Ha!

 

[JAG]

And the only person who knows @MoneyBags1348 is the skipper of triple888

 

[JAG]

Worth a watch with translation!

 

[TheCount]

Surely cheese and drinks are tax deductible now days…. Especially if you own AVZ shares booze should be definitely a tax write off

Fucking tax man will owe me a fortune putting up with this since 2017….

Anytime for that business card TC

GLTAH & ACCOUNTANTS

Let me pour cold water on this immediately and honestly I thought telling you I HAVE an Accountant was a dead giveaway…

I AM an Accountant, I don’t DO Accounting or Tax..

Happy to talk about these things in a general sense, but you guys need to get your own professional help..

TC.

 

[CashKing]

Let me pour cold water on this immediately and honestly I thought telling you I HAVE an Accountant was a dead giveaway…

I AM an Accountant, I don’t DO Accounting or Tax..

Happy to talk about these things in a general sense, but you guys need to get your own professional help..

TC.

I picked up on that TC but I figured it’s like Personal Trainers that have a Personal Trainer themselves

All good bud I’ve got my own guy I’m super happy with, blind in both eyes and basically deaf he’s great

Ohh and cold water is tax deductible
Wait that means the fridge is tax deductible also ………



JUST KIDDING. AIMO

 

[Bin59]

Not sure if anybody’s shared Tom’s tweets (3) yet - FYI:

 

[oxxa23]

Don't need bricks & mortar sign to be a business.

I won't divulge anything specific here because my situation is tightly managed by my Accountant, but you need to get your own good Accountant, and the ability to Invoice your Employer rather than being an employee. Trading then gives you an additional income stream for example. Bring a partner into the business and it gets better...

Then - you get to decide what costs the company pays or reimburses you - for example, YOU own the car and you need to be reimbursed for travel. You run a small office, so anything associated with that are paid for in pre-tax dollars, even a percentage of the interest on your Mortgage is deductible - but be careful of CGT should you sell the family home. If renting, then less problems.

There is more paperwork and just one spreadsheet. I'd spend about an hour a week and then one more hour per quarter dealing with BAS, STP and SGC obligations.

It can be done.

TC.

That's great to try and invoice your employer... but, there's the little thing called "personal services income" that tries to rule against that... well, limits it anyway...

And yep, I regretfully admit I'm a public accountant / tax agent.... unfortunately it pays better than the vineyard...

 

[TheCount]

That's great to try and invoice your employer... but, there's the little thing called "personal services income" that tries to rule against that... well, limits it anyway...

And yep, I regretfully admit I'm a public accountant / tax agent.... unfortunately it pays better than the vineyard...

Don’t ever regret a career choice!

Looks like you’ve just become everyone’s best friend on all matters tax…

Cheers
TC

 

[Thunderpony]

Just curious, who of us is/has been deemed a 'sophisticated' investor?

 

[CashKing]

Just curious, who of us is/has been deemed a 'sophisticated' investor?

Moneybags 4 sure that motha fucker does bigger shits than most of our holdings apparently ..


GLTAH including you M ‘s

 

[BRICK]

Just curious, who of us is/has been deemed a 'sophisticated' investor?

Loafers and an LV passport case

 

[Bin59]

 

[mouseflying]

Anyone good at french?
Auto translation is inaccurate...

 

[Bin59]

An AVZ right of reply interview with Christian Lukusa … hmm can we expect an announcement today?

Thanks for posting the video Mouse, I believe Papy Lefool on Twitter has been able to assist an AVZ follower with an accurate French translation re AVZ in the past, he may be willing?

 

[Bin59]

 

[Carlos Danger]

Anyone good at french?
Auto translation is inaccurate...

Constantin Garlas on Twitter has given a decent quick synopsis of the video.



Again I can't understand how AVZ's lawyer can talk about these topics in depth on publicly available videos but we get nothing in English from the company. I speak a bit of French so will watch it now and report what I can but having someone fluent translate it will be better.

Luckily there are a few native French speakers in and around these forums that can help us out but we really shouldn't have to rely on them imo. Saying that I'd rather have the information available in French than not have it at all.

 

[Retrobyte]

Just curious, who of us is/has been deemed a 'sophisticated' investor?

If you meet these two criteria you can get a certified accountant to annoint you -

• a gross income of $250,000 or more per year in each of the previous two years, or
• net assets of at least $2.5 million